CREDIT UNIONS IN THE STATE OF WASHINGTON (EIN 910403815) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1936

Legal Domicile

Principal Officer

Alex Mendes

Phone

2066284010

Tax Period

2018-01-01 to 2018-12-31

CREDIT UNIONS IN THE STATE OF WASHINGTON, founded in 1936, is a mid-sized nonprofit that reported $54.0M in total revenue in fiscal year 2018. The organization ran a surplus of $10.3M, a strong 19% operating margin.

Mission

Credit Union

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $50,771,235

Investment Income $3,532,078

Other Revenue $-321,910

TOTAL REVENUE $53,981,403

Expense Breakdown

Grants Paid $534,145

Salaries & Benefits $16,009,549

Fundraising Expenses $0

Program Expenses $0

Other Expenses $27,124,328

TOTAL EXPENSES $43,668,022

Year-over-Year Comparison

	2018	2017	Change
Revenue	$53,981,403	$50,029,813	+0.1%
Expenses	$43,668,022	$38,931,556	+0.1%
Net Income	$10,313,381	$11,098,257	-0.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

193

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,996,653

Total Directors

$65,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Rutkowski	Board Chairman	2	Director	$8,400	$0	$8,400
Shirley Liu Hodgson	Supervisory Chair	2	Director	$7,700	$0	$7,700
Brian Benzel	Board Member	2	Director	$8,400	$0	$8,400
William Bonaudi	Board Member	2	Director	$8,400	$0	$8,400
Linda S Cowan	Board Member	2	Director	$8,400	$0	$8,400
Sandra M Kurack	Board Member	2	Director	$8,400	$0	$8,400
Roger A Reimer	Board Member	2	Director	$8,400	$0	$8,400
Andrew Austin	Board Member	2	Director	$7,700	$0	$7,700
Scott Adkins	President	40	Officer	$642,403	$41,333	$683,736
Alex Mendes	CFO	40	Officer	$232,392	$43,806	$276,198
Douglas Grout	Vice President	40	Officer	$211,985	$46,382	$258,367
Aproniano Labonite	Vice President	40	Officer	$207,262	$37,871	$245,133
Patsy Gayda	Vice President	40	Officer	$169,211	$30,315	$199,526
Page Cook	Vice President	40	Officer	$134,965	$21,743	$156,708
Brant Spangler	Vice President	40	Officer	$143,979	$33,006	$176,985
James Hanulik	AVP of Risk Management	40	Highest	$149,778	$41,003	$190,781
Eva Ngu	Controller	40	Highest	$137,249	$29,569	$166,818
Greg Vermillion	IT Production Control Manager	40	Highest	$123,799	$21,683	$145,482
Rick Hall	IT Program Manager	40	Highest	$122,803	$12,542	$135,345
Melanie Heymans	Human Resources Manager	40	Highest	$114,438	$15,456	$129,894
Margaret Summerhays	Senior Project Manager	40	Highest	$111,188	$23,226	$134,414
Carol Cameron	Seniro Project Manager	40	Highest	$110,319	$23,178	$133,497
Dale Carr	Product Owner	40	Highest	$108,863	$21,726	$130,589
Jason Schluter	Business Resillency Administrator	40	Highest	$104,255	$28,289	$132,544
Laura Young	Internal Audit Manager	40	Highest	$102,552	$23,101	$125,653

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2018	$53,981,403	$43,668,022	$1,324,555,734	$10,313,381

CREDIT UNIONS IN THE STATE OF WASHINGTON